Disaster Financialization: Earthquakes,Cashflows and Shifting Household Economies in Nepal

The political economy literature on post-disaster reconstruction tends to contrast ‘disaster capitalism’ narratives denouncing the predatory character of neoliberal rebuilding, and ‘building back better’ policies supporting market-driven reconstruction. This article seeks to provide a more nuanced account, developing the concept of ‘disaster financialization’ through a case study of household-level changes experienced through processes of post-earthquake reconstruction in Nepal. The concept of disaster financialization describes not only the integration of disaster-affected households into the cash-based logic of reconstruction instituted by donors and government authorities, but also the financialization of their lives, social relations and subjectivities. It is a transitive process involving a shift into financialized mechanisms of disaster prevention, adaptation and recovery. Analysing contrasting experiences across three earthquake-affected districts in Nepal, this study proposes disaster financialization as an integrative term through which to understand the simultaneous acceleration of monetization, the leveraging of cash incentives by donors and government to ‘build back better’, and the flurry of financial transactions associated with reconstruction processes. While some aspects of disaster financialization have had negative social impacts, such as debt-related anxieties and a breakdown of voluntary labour exchanges hurting the most vulnerable, the process has taken on variegated forms, with equally variegated effects, reflecting household characteristics and interactions with financial institutions.     

Building Peace with Conflict Diamonds? Merging Security and Development in Sierra Leone

This article examines the merging of security and development agendas in primary commodity sectors, focusing on the case of peace‐building reforms in Sierra Leone's diamond sector. Reformers frequently assume that reforming the diamond sector through industrializing alluvial diamond mining will reduce threats to security and development, thereby contributing to peace building. Our findings, however, suggest that the industrialization of alluvial diamond mining that has taken place in Sierra Leone has not reduced threats to security and development, as it has entailed human rights abuses and impoverishment of local communities without consolidating state fiscal revenues and trust in local authorities. This suggests alternative strategies for resource‐related peace‐building initiatives, which we consider at the end of the article: the decriminalization of informal economic activities; the prioritization of local livelihoods and development needs over central government fiscal priorities and foreign direct investment; and better integration between local economies and industrial resource exploitation.     

The Political Ecology of Transition in Cambodia 1989–1999: War,Peace and Forest Exploitation

Over the last decade, forests have played an important role in the transition from war to peace in Cambodia. Forest exploitation financed the continuation of war beyond the Cold War and regional dynamics, yet it also stimulated co‐operation between conflicting parties. Timber represented a key stake in the rapacious transition from the (benign) socialism of the post‐Khmer Rouge period to (exclusionary) capitalism, thereby becoming the most politicized resource of a reconstruction process that has failed to be either as green or as democratic as the international community had hoped. This article explores the social networks and power politics shaping forest exploitation, with the aim of casting light on the politics of transition. It also scrutinizes the unintended consequences of the international community’s discourse of democracy, good governance, and sustainable development on forest access rights. The commodification of Cambodian forests is interpreted as a process of transforming nature into money through a political ecology of transition that legitimates an exclusionary form of capitalism.     

Landscapes of political memories: War legacies and land negotiations in Laos

Wars and their aftermaths frequently transform land use and ownership, reshaping ‘post-conflict’ landscapes through new boundaries, population movements, land reforms and conditions of access. Within a global context of controversial land concessions and farmland acquisitions, we bring to light the continued salience of historical memories of war in the ways land conflicts are being negotiated in Laos. Considering circumstances at different scales—from bilateral government relations to village-level claims—we find that political capital linked to memories of wartime affiliations have crucial spatial and place-based connections, and that they affect the ways investors, government officials and villagers negotiate over land concessions. Ethnographic evidence, spatial analysis and a survey of expatriate development workers engaged with land issues in Laos suggest that such ‘political memories’ are an important but often overlooked factor in shaping an uneven concessions landscape. We discuss implications for foreign development organizations that tend to privilege technical and legal aspects of land management over such political dimensions.     

Fatal Transactions: Conflict Diamonds and the (Anti)Terrorist Consumer

This paper brings recent research on the geographies of commodities and the politics of ethical consumption to bear on contemporary spaces of violence. Focusing on the discourse of “terror”, it discusses the tactics and ambivalences of a human rights advocacy campaign seeking to stop the financing of belligerents by the diamond trade. I argue that the campaign successfully reconnected “violent” spaces of exploitation and “peaceful” spaces of consumption and achieved significant trade reforms in the diamond sector. Yet, with its inclusion of racialized images of Africa, its responsiveness to policy compromises and its overtaking by savvy marketing by Western mining companies, the campaign and its mediatization also had ambivalent outcomes: burnishing the “reputable” character of Western industrialized mining interests at the expense of their historical accountability, indiscriminately associating terror with poor young African men, and overlooking state violence.